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2016.03.25 15:48

MIndex - indicator for MetaTrader 4

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votes: 4
Author: Yuri Makarov

The indicator calculates the indices of the USD, EUR, GBP, CHF, AUD, CAD currencies and displays the index specified in the parameters in a separate window. The currency index displays the price of the currency relative to all other currencies, measured in certain standard units that are equal for all currencies. The real exchange rate for the pair is always obtained as a ratio of their indexes.

The correct operation of the indicator requires the data on all major pairs to be downloaded. If the data is currently missing, the index may be displayed incorrectly. In this case, simply restart the terminal.

Translated from Russian by MetaQuotes Software Corp.
Original code:

Complex pairs Complex pairs

The idea of the indicator is to select each currency from currency pairs separately. The currencies are measured in relative units (points). The sum of all currencies at any given time is equal to zero.

Complex Common Complex Common

Displays the overbought or oversold states of the currencies relative to each other.

PowerTrend PowerTrend

The trend strength(phase) indicator.

cloud's trade 2 cloud's trade 2

An example for my yet unpublished article. An easy template for writing custom experts.